The Shark Solves Co-Op Chaos

What should one make of New York City’s publication of co-op sales prices? Curbed’s Q&A is a helpful guide, but way better yet is PropertyShark.

By the end of the day, that website will have incorporated “all co-op data from the New York City Department of Finance records.” What does that mean? A whole lot of juicy numbers involving very juicy people.

Two riviting PR paragraphs after the jump.

– Max Abelson

“This will radically change the way people evaluate co-op transactions, bringing transparency to what was a veiled marketplace. No other site will be carrying this information immediately, and we have made the data accessible from the easy-to-use PropertyShark.com web interface. By end of day today we should have most of the ACRIS information online, and going forward, we will automatically incorporate all available New York City co-op data into our site on a daily basis,” explains Ryan Slack, chief executive officer, PropertyShark.com.

In addition to co-op sales prices and ownership information, PropertyShark.com provides brokers and homebuyers with other critical data important when evaluating co-ops, including school district information, neighborhood police reports, building photos, interactive maps, number of units in the building, year built, and much more, with bedroom and bathroom information coming soon. With a wealth of co-op information now available at their fingertips, brokers could also use PropertyShark.com to canvas for co-op owners with units that have substantially appreciated in price and might be good candidates to list and sell.